Equitable Group (TSE:EQB) Price Target Increased to C$13.00 by Analysts at National Bankshares

Equitable Group (TSE:EQB) had its price target hoisted by National Bankshares from C$12.50 to C$13.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada upgraded Equitable Group from a sector perform rating to an outperform rating and dropped their target price for the company from C$91.00 to C$88.00 in a report on Tuesday, January 4th. Scotiabank dropped their price target on Equitable Group from C$172.00 to C$86.00 in a report on Wednesday, November 3rd. National Bank Financial lifted their price target on Equitable Group to C$93.00 and gave the stock an outperform rating in a report on Wednesday, October 27th. Raymond James lifted their price target on Equitable Group from C$80.50 to C$88.50 and gave the stock an outperform rating in a report on Thursday, November 4th. Finally, TD Securities lifted their price target on Equitable Group from C$87.00 to C$95.00 and gave the stock a buy rating in a report on Wednesday, November 3rd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Equitable Group has a consensus rating of Buy and a consensus price target of C$89.81.

EQB stock opened at C$74.14 on Friday. Equitable Group has a twelve month low of C$51.17 and a twelve month high of C$84.78. The stock’s 50 day moving average is C$73.84 and its 200-day moving average is C$115.15. The firm has a market capitalization of C$2.53 billion and a PE ratio of 9.11.

Equitable Group (TSE:EQB) last posted its earnings results on Tuesday, November 2nd. The company reported C$4.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$2.03 by C$2.11. The company had revenue of C$162.10 million during the quarter, compared to the consensus estimate of C$160.88 million. On average, research analysts expect that Equitable Group will post 8.890001 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Wednesday, December 15th were paid a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, December 14th. This represents a $0.74 annualized dividend and a dividend yield of 1.00%. Equitable Group’s payout ratio is presently 9.09%.

In other Equitable Group news, Senior Officer Andrew Moor sold 400 shares of the business’s stock in a transaction on Monday, November 8th. The stock was sold at an average price of C$80.20, for a total value of C$32,080.00. Following the sale, the insider now directly owns 59,944 shares in the company, valued at C$4,807,508.80. Over the last 90 days, insiders sold 12,900 shares of company stock worth $1,024,580.

Equitable Group Company Profile

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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